Johnson & Johnson is planning to have 85 percent of its applications in the cloud by 2018, joining a growing list of enterprises that are making plans to ditch on-premise deployments in favor of cloud-based infrastructure.

According to a report by The Wall Street Journal, the company is already halfway there, with more than 500 terabytes of data stored in Amazon, Microsoft Azure, and NTT’s cloud platform.

This multi-cloud approach certainly supports what many industry pundits have predicted is the future of enterprise cloud. In a recent interview with Talkin’ Cloud, VMware CEO Pat Gelsinger said that in the future, every enterprise will leverage a multi-cloud approach.

Storing data in the cloud has also improved how its research is conducted, according to Sandi Peterson, group worldwide chair, ultimately enabling the company to speed up product development. To that end, by 2024 Johnson & Johnson will launch about 20 new products.